Kroger (NYSE:KR) Price Target Cut to $62.00

Kroger (NYSE:KR) had its price objective decreased by Evercore ISI from $63.00 to $62.00 in a research report issued on Tuesday, Benzinga reports. The brokerage currently has an “outperform” rating on the stock. Evercore ISI’s target price points to a potential upside of 12.20% from the stock’s current price.

KR has been the subject of a number of other research reports. BNP Paribas restated an “underperform” rating and issued a $48.00 target price on shares of Kroger in a research note on Monday, April 8th. Guggenheim lifted their price objective on Kroger from $60.00 to $61.00 and gave the company a “buy” rating in a research note on Tuesday, March 19th. Wells Fargo & Company upgraded Kroger from an “equal weight” rating to an “overweight” rating and lifted their price objective for the company from $58.00 to $65.00 in a research note on Tuesday. Finally, Telsey Advisory Group lifted their price objective on Kroger from $60.00 to $62.00 and gave the company an “outperform” rating in a research note on Thursday, March 28th. One research analyst has rated the stock with a sell rating, three have given a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $55.17.

Kroger Trading Down 0.0 %

NYSE KR opened at $55.26 on Tuesday. Kroger has a fifty-two week low of $42.10 and a fifty-two week high of $58.34. The company has a debt-to-equity ratio of 1.04, a quick ratio of 0.36 and a current ratio of 0.81. The stock has a 50 day simple moving average of $52.84 and a two-hundred day simple moving average of $47.69. The stock has a market cap of $39.88 billion, a P/E ratio of 18.67, a price-to-earnings-growth ratio of 2.58 and a beta of 0.48.

Kroger (NYSE:KR) last released its earnings results on Thursday, March 7th. The company reported $1.34 EPS for the quarter, beating analysts’ consensus estimates of $1.13 by $0.21. The company had revenue of $37.06 billion during the quarter, compared to analysts’ expectations of $37.07 billion. Kroger had a return on equity of 31.44% and a net margin of 1.44%. The firm’s revenue for the quarter was up 6.4% compared to the same quarter last year. During the same quarter last year, the business posted $0.99 EPS. On average, analysts forecast that Kroger will post 4.43 earnings per share for the current year.

Institutional Trading of Kroger

Several large investors have recently modified their holdings of KR. Synovus Financial Corp grew its holdings in shares of Kroger by 6.3% in the first quarter. Synovus Financial Corp now owns 12,869 shares of the company’s stock worth $739,000 after acquiring an additional 764 shares during the period. Cibc World Market Inc. grew its holdings in shares of Kroger by 30.2% in the first quarter. Cibc World Market Inc. now owns 29,150 shares of the company’s stock worth $1,672,000 after acquiring an additional 6,764 shares during the period. Blair William & Co. IL grew its holdings in shares of Kroger by 7.1% in the first quarter. Blair William & Co. IL now owns 14,673 shares of the company’s stock worth $842,000 after acquiring an additional 974 shares during the period. Prudential PLC bought a new stake in shares of Kroger in the first quarter worth $1,443,000. Finally, Moors & Cabot Inc. grew its holdings in shares of Kroger by 3.6% in the first quarter. Moors & Cabot Inc. now owns 7,703 shares of the company’s stock worth $442,000 after acquiring an additional 269 shares during the period. Institutional investors own 80.93% of the company’s stock.

About Kroger

The Kroger Co operates as a food and drug retailer in the United States. The company operates combination food and drug stores, multi-department stores, marketplace stores, and price impact warehouses. Its combination food and drug stores offer natural food and organic sections, pharmacies, general merchandise, pet centers, fresh seafood, and organic produce; and multi-department stores provide apparel, home fashion and furnishings, outdoor living, electronics, automotive products, and toys.